RLX Technology Inc. (NYSE:RLX) Shares Sold by Adero Partners LLC

Adero Partners LLC lessened its position in shares of RLX Technology Inc. (NYSE:RLX) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,099,386 shares of the company’s stock after selling 71,777 shares during the period. Adero Partners LLC owned about 0.13% of RLX Technology worth $3,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RLX. Bank of New York Mellon Corp boosted its holdings in shares of RLX Technology by 36.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after buying an additional 10,596 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of RLX Technology by 284.8% in the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after buying an additional 26,220 shares in the last quarter. Profund Advisors LLC acquired a new position in shares of RLX Technology in the 2nd quarter valued at $72,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of RLX Technology in the 2nd quarter valued at $146,000. Finally, SG Americas Securities LLC boosted its holdings in shares of RLX Technology by 7,420.4% in the 2nd quarter. SG Americas Securities LLC now owns 4,729,553 shares of the company’s stock valued at $8,702,000 after buying an additional 4,666,663 shares in the last quarter. Institutional investors and hedge funds own 22.68% of the company’s stock.

RLX Technology Trading Up 3.7 %

Shares of RLX Technology stock opened at $1.69 on Friday. The company has a fifty day simple moving average of $1.68 and a 200-day simple moving average of $1.77. RLX Technology Inc. has a 12-month low of $1.50 and a 12-month high of $2.40. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 42.26 and a beta of 0.93.

RLX Technology (NYSE:RLX) last issued its earnings results on Friday, August 16th. The company reported $0.01 earnings per share (EPS) for the quarter. RLX Technology had a net margin of 18.25% and a return on equity of 2.48%. The business had revenue of $86.30 million during the quarter.

RLX Technology Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.01 dividend. The ex-dividend date is Friday, December 6th. This represents a yield of 0.59%. RLX Technology’s dividend payout ratio (DPR) is 25.01%.

About RLX Technology

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.